Whales Expect Price Increase for Hyperliquid

Recently, Hyperliquid (HYPE), which has been attracting attention in the cryptocurrency market, may enter a potential bullish period due to increased interest from whales. Recent data from the crypto analytics platform CryptoQuant indicates that this altcoin could be heading towards a strong price.

The analysis shows that large investors have started accumulating HYPE tokens. This situation may imply that whales are expecting a price increase. CryptoQuant analysts note that on-chain indicators in both spot and futures markets support this accumulation.

In particular, a significant increase in trading volume observed in the spot market has drawn the attention of investors. The graph called spot volume bubble map clearly shows that the change rate in trading volume is on the rise. The growing order sizes from whales is another important factor suggesting that they are starting to take positions ahead of a potential price surge.

Additionally, an increase in orders has also been observed in the futures market. This situation indicates that institutional or high-net-worth investors are increasing their interest in HYPE and are taking positions for the future. Thus, it is noteworthy that investors are taking positions in HYPE not only in the spot market but also in the futures market.

Looking at the big picture, the parallel movement in both spot and futures data suggests that the increasing interest of whales in HYPE could create positive effects on the price. A CryptoQuant analyst emphasizes that such indicators could be the precursor to a new upward momentum for HYPE.

In light of all these developments, it is important for investors to closely monitor movements related to HYPE and changes in trading volume. Whale activities can have significant impacts on long-term investment strategies, so it is beneficial to keep an eye on this altcoin.